China strengthens oversight of state-owned assets overseas amid global tensions

China’s state assets watchdog has established a new department to oversee foreign investments, as firms continue to expand their global footprint amid an increasingly turbulent geopolitical outlook. The new bureau, launched by the State-owned Assets Supervision and Administration Commission of the State Council (SASAC) on Wednesday, will guide state-owned enterprises in their international operations, according to its website. It will also be responsible for helping firms optimise and...

By Xinyi Wu